1. What is the projected Compound Annual Growth Rate (CAGR) of the Manuka Honey Market?
The projected CAGR is approximately 4.78%.
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Manuka Honey MarketManuka Honey Market by Type (UMF 5+, UMF 10+, UMF 15+, UMF 20+), by Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online Stores, Convenience Stores), by By Geography (North America), by Europe (Germany, U.K., Spain, Italy, Rest of Europe), by Asia Pacific (China, India, Japan, New Zealand, Australia, Rest of Asia Pacific), by Rest of the World (Argentina, Saudi Arabia, Rest of RoW) Forecast 2026-2034
The Manuka Honey Marketsize was valued at USD 366.22 USD Million in 2023 and is projected to reach USD 507.80 USD Million by 2032, exhibiting a CAGR of 4.78 % during the forecast period. Manuka honey, derived from the nectar of the Manuka tree (Leptospermum scoparium) native to New Zealand, is renowned for its unique antibacterial properties attributed to methylglyoxal (MGO). There are different grades of Manuka honey, typically measured by its Unique Manuka Factor (UMF) rating, which indicates the potency of its antibacterial activity. Higher UMF ratings signify stronger antibacterial effects. Key features of Manuka honey include its thick texture, dark color, and distinct earthy flavor. It is commonly used for wound healing, soothing sore throats, improving digestive health, and as a natural sweetener. Its potent medicinal properties make it a valuable addition to both medical treatments and everyday wellness practices.
Manuka Honey Trends
Type:
Distribution Channel:
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 4.78% from 2020-2034 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 4.78%.
Key companies in the market include COMVITA (New Zealand), Arataki Honey (New Zealand), New Zealand Honey Co., (New Zealand), Steens Honey (New Zealand), HAPPY VALLEY HONEY (New Zealand), Mother Earth Manuka Honey (New Zealand), KIVA Health Food (U.S.), KARE (New Zealand), Manuka Health New Zealand (New Zealand), Mount Somers (New Zealand).
The market segments include Type, Distribution Channel.
The market size is estimated to be USD 366.22 USD Million as of 2022.
Increased Canned Seafood Adoption due to Its Higher Shelf Life to Drive Market Growth.
Rising Technological Advancements in Aquaculture Industry to Fuel Market Growth.
Challenges in Extraction and Processing of Manuka Honey to Affect Its Production Rate.
March 2023: COMVITA, a global leader in the honey market, introduced its new line of “Comvita Kids Yummy Honey,” along with the Comvita UMF 5+ Honey Squeeze bottles. With these new launches, the company is focusing on broadening its consumer base by attracting young Manuka enthusiasts by providing a delicious way to enjoy numerous benefits of the natural superfood.
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The market size is provided in terms of value, measured in USD Million and volume, measured in K Tons .
Yes, the market keyword associated with the report is "Manuka Honey Market," which aids in identifying and referencing the specific market segment covered.
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